Monetary Policy Committees and Model Uncertainty

Monetary Policy Committees and Model Uncertainty

We introduce heterogeneity into a monetary policy committee by allowing the degree of model uncertainty to differ across members. It is shown that in this framework the stage at which members reach consensus matters. An aggregation protocol under which members only average policy deemed optimal from...

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Detalles Bibliográficos
Publicado en:MAGKS - Joint Discussion Paper Series in Economics (Band 21-2010)
Autor Principal: Tillmann, Peter
Formato: Arbeit
Idioma:inglés
Publicado: Philipps-Universität Marburg 2010
Schlagworte:
Monetary Policy Committee, Optimal Monetary Policy
Model Uncertainty
Wirtschaft
Robustness
Economics
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Número de Clasificación: urn:nbn:de:hebis:04-es2024-00519
Data de Publicación: 2024-01-02
Downloads: 19 (2024)
Lizenz: https://creativecommons.org/publicdomain/mark/1.0
URL de acceso: https://archiv.ub.uni-marburg.de/es/2024/0051
https://doi.org/10.17192/es2024.0051

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